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Historical Event on 8/9/1996

Unofficial estimates put black money in the country at Rs. 70,000 crore, i.e. 6\% of GDP.

Other Historical Dates and Events
6/17/1993Congress (I) working committee reaffirms its faith in Rao; BJP asks for PM's resignation .
2/6/1887Manabendra Nath Roy (his childhood name was Narendranath Bhattacharya), leftist thinker, great Indian politician and philosophist, was born at Arbelia village of 24-Parganas of West Bengal. He was the founder of 'Radical Democratic Party' after quitting Congress during World War II.
12/20/1942Gangu Bai, freedom fighter from Kolhapur, died at Hinlang Jail because of police beating.
1/3/1923Madhukar Arnalkar, famous Marathi writer, was born.
12/11/1881Subramania Bharati was born at Ettaiyapuram.
12/11/1908New law suspends trial by jury and increases penalties for 'sedition.'
6/5/1993Unlawful Activities (prevention) Tribunal headed by Justice P N Nagi upholds the ban on Islamic Sevak Sangh.
4/21/1992RBI eases credit policy, lending rates reduced from 6 to 4; 13\% interest ceiling on deposits.
10/29/1930Pandit Jawaharlal Nehru is sent back to prison for two yearrs following a speech he made at Allahabad the day after his release from jail.
7/26/1975Anti-government demonstrations held in Gujarat, defying the emergency law prohibiting such demonstrations.



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